As a small developer, I currently have a project of building a 3floor 2400sf 2-family home in Allston/Boston area. Does anyone know what would be the estimated cost per sf and where to find a trusted builder? Thank you.
Hey Lynn! I actually live in Allston and am doing a development in the area. I have an awesome contractor and we're doing 4 condos for 200k-250k each 1200-1600 sqft. Hope this helps!
Thanks, Nicolas! Is $200-250k for each condo or for 4 condos?
Due to the fact that this project will be in the city costs will be higher than a suburb. In my experience my clients are averaging a 150-175/sf for a high end condo conversion project. Do you already have this property under contract and closed? What were the numbers you were working with to make the deal make sense for you?
I am happy to recommend two GCs that would be great for this type of project that are in the Boston area also.
Please PM and I will share. Best of luck!
Note that Lien's response was NOT for new / ground up construction it was for refitting / reno. You are looking for ground up correct?
Thanks, Jay. Yes, we’re doing new construction on a vacant lot.
Good morning. I have been a General Contractor for 18 years and have done many new home constructions. You can not compare prices of a multi-unit to single family home across the board, there are too many variables.
The single largest expense in new construction is excavation and foundation. A single family home has a disproportionately larger expense in this one line item than multi-family because multi-family are usually stacked on top of each other and spread out sharing the foundation. The next variable is utility and infrastructure, again more expensive (per unit) for a single family home vs. multi-family. Finally there are different framing and fire safety measures which go into each and can not be compared equally.